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US Dollar Index loses traction to near 98.00 as traders ramp up Fed cut bets
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory near 98.00 during the Asian trading hours on Wednesday. The DXY extends the decline due to the prospect of an imminent Federal Reserve (Fed) rate cuFxstreet
Wed, Aug 13
Top 3 AI tokens to watch as Perplexity offers $34.5 billion for Google Chrome
Artificial Intelligence (AI) tokens are back in the trend underpinned by the altcoins market recovery and Perplexity’s $34.5 billion longshot offer for Google Chrome on Tuesday. Bittensor (TAO), Near Protocol (NEAR), and Render (RNDR) are leading the gains among the top AI tokensFxstreet
Wed, Aug 13
Shanghai stocks hit over 3-1/2-year high on Fed rate-cut hopes
SHANGHAI/SINGAPORE, Aug 13 (Reuters) - Mainland China and Hong Kong stocks rose for a third consecutive session on Wednesday, with the Shanghai benchmark hitting a more than 3-1/2-year high, as prospects of a Federal Reserve interest rate cut next month lifted investor sentiment.** At the midday breReuters
Wed, Aug 13
JGBs fall after weakest auction in 5 years spurs sell-off
By Junko Fujita TOKYO, Aug 13 (Reuters) - Japanese government bonds dropped on Wednesday after a five-year bond auction drew the weakest demand in more than five years, triggering a wave of selling by investors.The five-year yield JP5YTN=JBTC rose 3 basis points (bps) to 1.070%. The 10-year JGB yReuters
Wed, Aug 13
Can Circle Escape the Sell-Off? Impressive Q2 Earnings Overshadowed by Losses and “New Shares” Anxiety
TradingKey - Circle (CRCL) released its first earnings report since its IPO just two months ago. Initial market reaction was positive, with shares surging 16% at the open on strong revenue growth and nearly doubled USDC circulation. However, concerns over wider losses, rising competition, and
TradingKey
Wed, Aug 13
Japan's Nikkei tops 43,000 for first time ever, extends rally to sixth session
TOKYO, Aug 13 (Reuters) - Japan's Nikkei share average rose above 43,000 for the first time on Wednesday, with the broader Topix index also marking a fresh all-time high, tracking Wall Street's overnight gains and extending the rally into a sixth straight session.Reuters
Wed, Aug 13
Australian Dollar dips as RBA rate cut signals easing inflation trends, cooling employment
The Australian Dollar (AUD) declines on Wednesday after registering gains in the previous session. The AUD/USD pair remains subdued following the release of Wage Price Index data for the second quarter.
Fxstreet
Wed, Aug 13
HK Movers | Tencent Music Soars 17% After It Beats Second-Quarterly Estimates as Content Expansion Boosts Demand
TME-SW beat estimates for second-quarter revenue on Tuesday as an expanded content library drove higher user engagement and robust subscriber growth in its online music services.Tiger News
Wed, Aug 13
Bessent blasts Fed renovation and suggests 50 bps rate cut as U.S. pushes for major trade deals
Treasury Secretary Scott Bessent said the Federal Reserve should keep the door open to a larger, 50 basis-point rate cut next month, after opting to hold rates steady at its last meeting. Bessent told Fox Business on Tuesday that the real thing now to think about is whether we should get a...Cryptopolitan
Wed, Aug 13
CoreWeave revenue beats estimates on AI boom but shares fall on bigger loss
Aug 12 (Reuters) - CoreWeave CRWV.O easily topped quarterly revenue estimates on Tuesday as the rapid adoption of artificial intelligence tools boosted demand for its cloud services, but a bigger-than-expected net loss sent its shares slumping 10% after the bell.Reuters
Wed, Aug 13
S&P 500, Nasdaq end at record closing highs as moderate inflation lifts rate hopes
NEW YORK, Aug 12 (Reuters) - The S&P 500 and the Nasdaq scored record closing highs on Tuesday, as news that July inflation rose broadly in line with expectations bolstered bets on a Federal Reserve interest rate cut next month.Reuters
Wed, Aug 13
Cava's shares crater after first annual sales growth target cut since IPO
Aug 12 (Reuters) - Shares of Cava CAVA.N dropped 21% in extended trading on Tuesday, after the Mediterranean restaurant chain lowered its annual same-store sales growth target for the first time since it listed on the New York Stock Exchange two years ago.Reuters
Wed, Aug 13
Electric vehicle sales growth eases to 21% in July, research firm says
Aug 13 (Reuters) - Global electric vehicle sales grew 21% year-on-year in July, the slowest rate since January and down from 25% in June, as momentum in plug-in hybrid sales in China slackened, market research firm Rho Motion said on Wednesday.Reuters
Wed, Aug 13
Trump rebukes Goldman's Solomon over bank's tariff research
Aug 12 (Reuters) - U.S. President Donald Trump hit out at Goldman Sachs GS.N CEO David Solomon on Tuesday, saying the bank had been wrong to predict U.S. tariffs would hurt the economy and questioned whether Solomon should lead the Wall Street institution.Reuters
Wed, Aug 13
WRAPUP 7-Ukraine, sidelined in Trump-Putin summit, fights Russian grab for more territory
EU leaders urge truce, right to Ukrainian self-determinationTrump's land swap proposal alarms Ukraine and EUPutin-Trump summit to be held at Alaska Air Force baseWhite House calls summit a "listening exercise"Russia makes big push in eastern Ukraine, open source data showsBy Andrew Osbor...Reuters
Tue, Aug 12
Oil prices dip as market awaits EIA report
US and China extend tariff pause to NovemberTrump-Putin talks on Friday cloud oil outlook OPEC upgrades 2026 oil demand growth forecastOil traders watching EIA report By Erwin Seba HOUSTON, Aug 12 (Reuters) - Oil prices dipped on Tuesday as traders awaited an inventory report from the U.S. Energy...Reuters
Tue, Aug 12
WRAPUP 4-Cheaper gasoline restrains US consumer prices; worries about data quality rise
Consumer price index increases 0.2% in JulyStrong gains in tariff-sensitive goods pricesCPI excluding food and energy rises 0.3%; up 3.1% year-on-yearBy Lucia Mutikani WASHINGTON, Aug 12 (Reuters) - U.S. consumer prices increased marginally in July, though rising costs for services such as airlin...Reuters
Tue, Aug 12
